The results of the Earthprobe survey appear to confirm the description from Constable's report. Tomographic data are interpreted to show connectivity of resistive mafic volcanics across the three drill holes. An intermediate to felsic, intrusive to volcanic sequence in the upper 200 m of DDH-003 appears to correspond to a dominantly intermediate to felsic volcanic sequence in the upper 120 m of DDH-002. In addition, this unit is interpreted to extend to the upper 100 m in DDH-001.
A chargeability high was identified between 50 and 120 m downhole at a distance greater than 20 m in DDH-001 and beyond 10 m distant above 280 m depth in DDH-002. Tomographic imaging between holes DDH-001 and 002 is interpreted to indicate continuity of this chargeability anomaly, which appears strongest at DDH-002 and weakens about 25 m away from DDH-001. Imaging between DDH-002 and 003 suggests this chargeability anomaly connects to two small chargeability highs imaged near the base of DDH-003 at 280 m and between 220 and 240 m depth. This chargeability anomaly is interpreted to have a lithological control.
Both Vertical profile and Tomographic data are interpreted to indicate the mineralization identified in DDH-001 extends toward, and may correlate to intervals in DDH-003. Two mineralized zones intersected in DDH-001, between 80 - 105 m and 120 - 145 m downhole, are interpreted to extend approximately 50 m towards DDH-003, but do not appear to show any appreciable extent towards DDH-002. Sphaleritic (ZnS) mineralization identified in the drill core between 95 and 105 m in DDH-001 appears to extend approximately 50 m towards DDH-003. A second mineralized interval, comprised of Pb (to 2,680 ppm) and Zn (to 9,600 ppm), between 121 and 145 m is interpreted to correspond to a narrow, intermittent resistivity low/ chargeability high on the tomographic data that appears to extend toward DDH-003, at a corresponding elevation between 250 and 275 m. This anomaly in DH-003 is strongest within the hole and appears to extend up to 30 m toward DDH-002.
With respect to future surface and/or downhole geophysics, the Earthprobe report reads in part, "The size and extent of mineralization zones within the mafic volcanics can be imaged by the IP (Induced Polarization) method due to a resistivity contrast between the mineralization and the host rock; mineralization within the intermediate and felsic units is not reliably imaged due to a lack of resistivity contrast."
Next Steps at Geneva Lake
Green Swan also conducted a Crone downhole survey, which results are expected to be delivered to Green Swan in the near future. Management expects that these results should assist in identifying the presence of base metal mineralization with greater certainty. Green Swan will then be able to plan the next phase of exploration.
The content of this news release has been reviewed by Rick Walker, B.Sc., M.Sc., P. Geo., a Qualified Person for the purposes of NI 43-101, with the ability and authority to verify the authenticity and validity of the data herein.
This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Green Swan cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what Green Swan currently foresees.
Discussion of the various factors that may affect future results is contained in Green Swan's recent filings, available on SEDAR. Green Swan assumes no liability for repeating or referring to any facts, statements, releases, data or reports disseminated by any other issuer. Any reference to any other issuer should be cross-checked for accuracy and context by the reader.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Green Swan Capital Corp.
Peter M. Clausi
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